Comments for Redding Homes Blog

Comment on Are we at the local housing market bottom? by Skip@RHB

Skip@RHB — Mon, 19 Mar 2012 13:11:47 +0000

Not sure what “healthy” means in terms of new construction. There are always those buyers for which nothing but new will do, and so we still have builders building. Were the 2004-2005 levels of home building healthy? It hardly seems so in retrospect. With housing so cyclical, who can define healthy?

Comment on Are we at the local housing market bottom? by Bruce Ross

Bruce Ross — Thu, 15 Mar 2012 17:56:17 +0000

“1. When you can’t build new for what you’d pay to buy already built.”

The sad part is, until that balance returns, you won’t see anything resembling a healthy construction market. Which is to say, it’ll be years …

Comment on Top 10 most expensive homes for sale around Redding by Bruce Ross

Bruce Ross — Fri, 03 Feb 2012 18:07:13 +0000

Who knew?

But sort of more interesting: Who are the current owners who are selling?

Comment on Amazing Desert Castle real estate marketing video by 872 Santa Cruz Redding 96003 Stanford Hills Was $899K Now $582,900 | FDotD

872 Santa Cruz Redding 96003 Stanford Hills Was $899K Now $582,900 | FDotD — Fri, 06 Jan 2012 15:05:55 +0000

[...] house. Let’s just get that out. Go ahead. Make our day. Call us. Hey, check out this rocking video of a Palm Desert Luxury home that’s for sale. We’d like to sell that one too. View Larger Map TweetIf you're new [...]

Comment on Nationwide housing prices return to 2003 levels. by Bruce Ross

Bruce Ross — Wed, 30 Nov 2011 15:25:03 +0000

Boy, I would love for my house to return to its 2003 value.

Comment on We’re seeing more buyers, and fewer homes to sell by Skip@RHB

Skip@RHB — Fri, 04 Nov 2011 18:26:37 +0000

I read somewhere they are thinking of renting them out. I haven’t seen that yet. Meanwhile there is virtually no transparency in operations or directives of either Freddie or Fannie, so your guess is as good as mine as to why they are sitting on shadow inventory. Sad really, since these are government owned institutions.

Comment on We’re seeing more buyers, and fewer homes to sell by matt swope

matt swope — Fri, 04 Nov 2011 17:52:44 +0000

Any word of the foreclosure inventory freddie and fannie are holding back? Are there any plans of them releasing that inventory?

Comment on “Real Estate: It’s Time To Buy Again” by Bruce Ross

Bruce Ross — Wed, 26 Oct 2011 15:40:19 +0000

At this point, she’s probably right — but only because of the stopped-clock effect.

http://realestaterecord.blogspot.com/2007/10/leslie-appleton-young.html

Comment on Are local home buyers “sitting on the fence?” by Bruce Ross

Bruce Ross — Fri, 15 Jul 2011 18:19:47 +0000

We have roughly 60 percent loan to (greatly deflated) value, no debt and a payment-to-gross-income ratio of less than 20 percent. We still got hassled over $28 book-keeping discrepancies. Oh well, all’s well that ends well.

Comment on Are local home buyers “sitting on the fence?” by Skip@RHB

Skip@RHB — Thu, 14 Jul 2011 14:05:57 +0000

If by “hard core” you mean that lenders expect some evidence that they’ll be paid back, yeah, we’ve noticed. Good for you on the refi. Because of the current home valuation situation, a lot of people can’t take advantage of the recent bargain rates. Pretty frustrating. Lower homepayments would free up a lot of local money for other things.